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Here is today’s Breaking News from Letting Agent Today. Join the debate by leaving a comment below a story - you will need to be logged-in to do this.

Breaking News

Agency investigating 19 ‘No DSS’ properties out of 1,900 units to let

The chief executive of Hunters has told MPs there are 19 properties on its books which specify ‘No DSS’ - but this may be because of mortgage...

Proceeds of Crime Act to be used against jailed agents, council confirms

Cornwall council has confirmed that it’s to use the Proceeds of Crime Act to try to win compensation for victims of two crooked and jailed lettings...

PropTech should free agents to meet customers ‘not lead to fewer jobs’

Increased use of PropTech by lettings agencies should allow staff to be freed up to engage in all-important face-to-face contact with customers - it shouldn’t be...

Overseas student demand strengthening despite Brexit uncertainty

Student demand for places across the UK - and therefore for accommodation - is holding up well despite Brexit uncertainty, according to Knight Frank.  Citing applications data...

Airbnb backs call for mandatory registration system for short let properties

The Mayor of London is calling on government to introduce a new registration system for anyone wishing to rent out a property for less than 90...

Lettings agency bosses to give evidence to MPs this morning

Senior lettings agency figures are amongst those who will this morning give evidence to a committee of MPs investigating so-called ‘DSS discrimination’ against benefit recipients who...

'Pro-lettings sector' group may be set up by political party

A Liberal Democrat activist is considering establishing a landlords’ group consisting of party members. Tony Harris, writing on the LibDem Voice website, says he feels he is...

More PropTech pledged after management buy-out of lettings business

The senior executive who has bought out the lettings side of a Glasgow agency business says increased use of PropTech is high on his agenda. Riccardo Giovanacci...

Phil Spencer launches new podcast for rental sector and buyers

Location, Location, Location star Phil Spencer has launched a new podcast aimed at helping listeners through what he calls “the minefield” of the rental market. The podcast,...

Foxtons denies bait-and-switch after tenant couple rent “dud” flat

A national newspaper story suggests that a couple seeking an apartment to rent in Brixton were signed up to the wrong property by letting agency Foxtons...

Rogue agent hit with £52,000 bill after pleading guilty to 18 offences

A rogue letting agent has been ordered to pay £42,596 in fines and costs of £10,626 after pleading guilty to a string of offences. Lettings of London...

Section 21 fall-out continues: trade group launches its own consultation

The official government consultation period on the scrapping of Section 21 eviction begins shortly, but now a leading lettings sector trade body is launching its own...

Need to replace lost fee income? Trio of suppliers say they will show how

With the tenants’ fees ban just five weeks away focus is shifting to how agents can make up for lost income - and now three industry...

Husband and wife must pay £8,000 after 17 beds found in bungalow to let

A husband and wife must pay joint fines, penalties and costs totalling over £8,000 after complaints about a bungalow they owned and let.  Magistrates in Bexley, south...

Could future rental properties just be empty shells for tenants to fit out?

A senior lettings agent has raised the spectre of rental properties in future being German-style ‘empty shells’ - without even white furniture - and left to...

New regulatory body for Fees Ban likely to clamp down hard

The Association of Residential Lettings Agents says it backs a new Trading Standards-led body which will enforce the Fees Ban starting  on June 1. Yesterday afternoon there was...

Fees Ban: deposits still over £4,000 in high-rent hotspots, despite cap

Figures calculated by Rightmove suggest that even when the Fees Ban and Deposit Caps kick in on June 1, some deposits in high-rent areas will be...

London rents soar 3% in three months and 8% in a year says Rightmove

Startling figures released this morning by Rightmove suggest that rents have risen 8.2 per cent in London in the past year - and they were up...

Long-standing critic of agents and landlords quits charity position

One of the most vocal critics of lettings agents in recent years appears to be moving away from the property industry. Campbell Robb has most recently been...

More red tape as government wants Anti-Money Laundering for letting agents

A formal consultation process has started to consider government plans to extend Anti-Money Laundering from property sales to lettings as well. Unveiled on the same day as...

Scrapping S21 isn’t enough - cap rent rises too, say London politicians

The scrapping of Section 21 eviction powers has been welcomed by the London Assembly - but apparently it doesn’t go far enough at curbing what some...

Banning Orders Flop: not even one issued after 12 months

A Freedom of Information request by The Guardian newspaper has produced the startling admission from government that not even one landlord has been issued with a...

Another one bites the dust! Franchisee snaps up fourth independent

Belvoir has snapped up another independent lettings agency in the south east.  Grey & Co, located at Wembley Park in north London, has been acquired by Tom...

Section 21: Government accused of "Dickensian" view of buy to let

The scrapping of Section 21, as proposed by the government, shows that Whiteall has “a Dickensian view” of the buy to let sector according to a...

Scrapping Section 21 "long overdue" admits lettings chief

The head of a major property management firm says the controversial proposal to scrap Section 21 eviction powers for landlords is actually “long overdue”. Consultations on the...

Rightmove bans ‘No DSS’ from listings and falls in line with Zoopla

Rightmove has fallen in line with Zoopla and is banning the term ‘No DSS’ from its lettings agents’ listings from the end of April, while from...

Alternative to Section 21 “not fit for purpose” says lettings group

The government’s wish to use a modified Section 8 as an alternative to Section 21 for landlords seeking possession of their property just won’t work according...

New revenue stream for agents pledged by PropTech utilities site

A new utilities management platform for tenants says it will generate additional revenue streams for letting agents. Love Resident gives tenants online access via smartphones to their...

Only 129 agents respond to consultation on S21 and longer tenancies

The government consultation process which fuelled its decision to axe Section 21 eviction powers and move towards longer tenancies received only 129 responses from letting agents. This...

Section 21 evictions set to be axed to create ‘indefinite tenancies’

The government says it wants to ban outright Section 21 'no fault' eviction powers in England and Wales. Instead landlords seeking to evict tenants would have to use...

PM and Housing Secretary back scrapping of Section 21 evictions

The government’s plan to scrap Section 21 is personally backed by the Prime Minister and will begin formal consultations today. If the consultations show public support, the...

Buy To Let investors desert London ‘because of stamp duty’

Data from a Countrywide agency shows that 59 per cent of landlords who live in London purchased their buy to let investment properties outside the capital in...

Up, up, up: Rents grow again, according to Countrywide

The average cost of a new let in Great Britain is now £969 pcm as rental growth continues to rise.  Data from Hamptons International, one of Countrywide’s upmarket brands,...

Beware: new PDRs do not give ‘buy to let developers’ free rein

A building expert is warning buy to let investors that they won’t enjoy unfettered rights to extend their properties upwards when new Permitted Development Rights kick...

Right To Rent may be MORE complex after Brexit - warning

A leading legal firm is warning that Right To Rent could become even more complicated for letting agents and landlords after Brexit. This is despite the fact...

Deposit alternative operator wades into spat over agency scheme

A dispute concerning a ‘no deposit option’ put forward by a letting agency has reached the Daily Mail. The newspaper’s online service this week ran a story...

Volume developer in deal for over 100 Build To Rent homes

The Build To Rent sector continues to grow, albeit slowly - now volume house builder Crest Nicholson has teamed up with M&G Real Estate for a...

Property management scheme pushes for new franchisees

SDL Property Partners, which describes itself as the industry’s first property management franchising scheme, is pushing for new members. Its training has been given a revamp and...

Five-figure fine after flat was let out despite Prohibition Order

A buy to let investor has received a hefty fine “for endangering the lives of his tenants by failing to meet the most basic of health...

New buy to let purchases to plummet as landlord taxes bite - forecast

There will be less buy to let remortgaging in future as landlords consolidate rather than expand their portfolios. The prediction comes from specialist lender Paragon. Its latest quarterly...

Rents now at their lowest level for three years says DPS

Average monthly UK rent is now at its lowest level for three years according to the Deposit Protection Service. Average rent fell to £757 during the first...

Savills launches lettings division in top buy to let hotspot

Savills has launched a new residential lettings service in one of the country’s most successful buy to let and investment locations - Edinburgh.   “The opening of...

Tenant referencing service is latest top name to partner ESTAS 2019

Tenant referencing, rent protection and insurance provider Rent4sure is to join other leading suppliers as an ESTAS partner for the 16th annual awards next month.  The ESTAS,...

Double whammy for buy to let as rents stagnate and taxes rise

Buy to let investors are facing a double whammy as stagnating rents and reduced tax relief are hitting profitability. A study from Apropos by DJ Alexander, a...

Mother-and-daughter agent fraudsters told to expect jail time

Mother and daughter lettings agency fraudsters have been told to expect jail sentences after defrauding landlords and tenants of £266,000 over eight years.  Angela and Elizabeth Treneer,...

Another independent’s lettings business snapped up by Corporate

Connells Group has acquired the lettings business portfolio of an independent agency in a move it describes as “part of its continued strategy to extend its...

Council crackdown on buy to let rogues gets new online back-up

The government has beefed up its support for councils identifying and prosecuting rogue landlords. Yesterday the Ministry of Housing Communities and Local Government published two new guidance...

Meagre fine despite HMO having no working alarms or fire doors

The owner of a buy to let HMO has been found guilty of six offences but has received a fine of just £600. Flintshire county council’s officers...

Fees Ban coming into effect on September 1 in Wales

It’s been revealed that the Welsh version of the Tenants Fees ban will come into effect on September 1. “Agents need to start preparing for a post-tenant...

Regulate Airbnb-style lets or risk hurting long term market - warning

The rapid growth of Airbnb-style short lets could lead to the loss of private rented homes and displacement of long-term residents from their communities if left...

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